Tirunelveli an important educational hub with home to universities such as Tirunelveli Law College, Tirunelveli Medical College, Veterinary College and research institution, etc. Thus, educational services are one of the major contributors to this city’s economy. Other noteworthy sectors include tourism, banking, information technology, agricultural machinery etc.
The business opportunities present in this city offers a perfect atmosphere for businesses to grow, and small and medium sector organisations can apply for a MUDRA loan in Tirunelveli to avail the necessary funding, and begin their journey.
The Government of India introduced MUDRA loans in 2015 offer financial support to micro-units in the non-farming and non-corporate sector to encourage growth and development.
There are three types of products offered under MUDRA Mitra or PMMY, which have been categorised according to business funding needs and growth stages. The types of MUDRA loan are as follows –
MUDRA loan distribution is mainly done through banks, NBFCs, MFIs, Co-operative banks etc. Hence, individuals looking for ‘Mudra Loan Lender near me’ can contact the nearest financial institution to avail this financial product.
However, applicants need to meet a few MUDRA loan eligibility conditions to qualify. These are as follows –
However, under MUDRA loan in Tirunelveli, the maximum credit that an applicant can opt for is capped at Rs. 10 lakhs. Therefore, individuals who require a higher funding amount can consider other funding options like gold loans.
However, it is essential to select a reliable lender for a hassle-free borrowing experience. In this regard, Rupeek is a name to consider. With its industry-first features like doorstep services, paired with favourable repayment terms, Rupeek aims to offer a pleasant experience for customers.
Individuals who cannot qualify for a MUDRA loan in Tirunelveli can consider opting for a gold-backed loan from Rupeek. Here are some notable benefits that will be eligible for if they if they select Rupeek.
With Rupeek, borrowers can avail up to Rs. 1.5 crore owing to the higher per-gram rate offered by us. Customers can use the gold loan calculator available on our website to check per gram rate and the amount they can avail against the gold owned by them.
With Rupeek, borrowers can avail instant online gold loan at their doorstep. A loan manager will arrive at the borrower’s residence within 30 minutes of loan application to complete the gold valuation and document verification.
Borrowers can also avail an array of benefits with Rupeek’s overdraft facility known as Rupeek Quick. For instance, this feature allows applicants to draw only the requisite amount at a time and pay interest on the same. This will enable them to save a substantial amount on interest payment.
Existing borrowers can also opt for an extended credit line with this facility by pledging additional gold.
Rupeek extends a number of repayment schemes that will enable borrowers to pay off the loan amount quickly. For instance, individuals with regular income can consider the standard EMI option to make monthly payments.
Individuals already servicing a gold loan with another lending institution can consider loan transfer to Rupeek to save more on interest payments.
For convenience, we also offer our gold loan services at several chief locations in Thiruvallur.
Rupeek extends its gold loan services at following locations in Thiruvallur –
Therefore, instead of MUDRA loan in Tirunelveli, entrepreneurs and business owners can opt for gold loans to avail high loan amount. Moreover, with Rupeek they can avail an array of benefits that will make servicing and repaying a loan hassle-free.
Apply with Rupeek today at nominal documentation and get loans within 60 minutes!
One can apply for a loan against gold with Rupeek via the mobile application or through the official website portal. Once they register their mobile number, company executives will contact them for further processing.
Some of the essential documents required for MUDRA loans are MUDRA application form, KYC documents, ITR documents of past two years, business ownership details, bank statements, and balance sheet.
Rupeek offers industry-best security features to ensure complete safety of an applicant’s gold ornaments. For instance, the gold ornaments are collected from the borrower’s location and deposited in a military-grade vault with the lending partners of Rupeek. Moreover, Rupeek uses GPS-enabled containers to carry gold items, and offer a complimentary insurance coverage to them during the loan tenure.
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